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Invest in Brazil News

  • Brazil budget deficit narrows, but pension clouds loom large

    Brazil’s central government’s primary budget deficit narrowed in March thanks to aggressive cuts in discretionary spending, the Treasury said on Monday, although it warned that public finances were still at risk from pension commitments and weak revenues.

  • Brazil's public investment could evaporate to less than 0.5 pct of GDP

    Brazil’s public investment is grinding to a virtual standstill and could fall to a new record low below 0.5 percent of gross domestic product this year if the government is forced to tighten the squeeze on discretionary spending, the Treasury said on Monday.

  • Colombia’s Avianca says bankruptcy of Avianca Brasil causing ‘reputational harm’

    Colombia’s Avianca Holdings SA said on Monday it is experiencing “reputational harm” from its association with Avianca Brasil, an air carrier that licenses its name and has canceled over 1,000 flights amid a bankruptcy restructuring.

  • Fapesp launches book on lecture series presented at Alesp

    Digital version of the publication, which addresses topics such as entrepreneurship and technologies, can be accessed through the internet

  • Government of SP presents innovative projects for Agribusiness São Paulo at Agrishow

    The 26th Agrishow takes place between April 29 and May 3 in Ribeirão Preto (SP)

    The 26th edition of the Agrishow will take place between April 29 and May 3 in Ribeirão Preto (SP), and the São Paulo State Government will have a central stand in the main public circuit of the agribusiness fair. In this edition, the Department of Agriculture and Supply was repaginated presenting innovative projects to modernize agribusiness in São Paulo.

  • Brazilian firefighters ship to Mozambique

    Team will work on search and rescue in areas affected by cyclone Kenneth

    Brazil on Saturday (27) sent a team of 14 firefighters to work in Pemba, a region of Mozambique hit by a new cyclone.

  • Brazil inflation in mid-April rises to highest in two years

    Brazilian consumer price inflation rose to its highest in two years in mid-April, led by price increases in the transport and food and drink sectors, government statistics agency IBGE said on Thursday.

  • Brazilian FM says China important for economic growth

    China is important for the growth of Brazil's whole economy, especially in the area of agribusiness, Brazilian Foreign Minister Ernesto Araujo said Thursday.

    Brazil can be China's great partner "in an area as fundamental as food security, while for Brazil, China is important for the growth of its (Brazil's) whole economy, (and) for our project for a big and strong Brazil," said the minister.

  • Brazil retailer Lojas Renner beats quarterly profit estimates

    Brazil’s largest fashion retailer, Lojas Renner SA, reported on Thursday a quarterly net profit that was 45 percent higher year-on-year and greatly exceeded market expectations, helped by double-digit sales growth despite a sluggish economy.

    In a securities filing, the company said it posted a first-quarter net profit of 161.6 million reais ($40.93 million), based on new international accounting standards known as IFRS.

  • Develops SP completes 10 years of incentive to the Creative Economy

    Government Development Agency celebrates a decade supporting the growth of enterprises in the territory of São Paulo

  • U.S. tractor maker AGCO rolls out Fendt line for Brazil farmers

    U.S. agricultural machine maker AGCO Corp said on Tuesday it would launch its flagship Fendt line of equipment in Brazil later this year, targeting large soybean farmers in the vast center-west region.

    AGCO will first bring the German-made line of Fendt Vario high-power tractors to Brazil’s grain heartland, the company’s South America chief Luís Felli said at a presentation in Sao Paulo.

  • Brazil growth forecasts tumble as key pension reform vote looms

    Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.

    The central bank’s weekly FOCUS survey of nearly 100 financial institutions showed the median forecast for 2019 growth fell sharply in the latest week to 1.71 percent from 1.95 percent a week before.

  • Latam FX weaker; Brazil stocks cut losses on pension progress

    Latin American currencies weakened in quiet trade on Monday, and most while most regional stock indexes tracked Wall Street lower, pension reform optimism helped Brazil stocks retrace earlier losses to end flat. Following a three-day holiday weekend, Mexico’s peso lost 0.3 percent, while the Colombian peso gave up narrow gains from earlier in the session amid surging oil prices. Analysts at Banco Base said in a note that market participants are expected to remain cautious as they await first-quarter U.S.

  • Brazil’s president does not think truckers have reason to strike - spokesman

    Brazil’s President Jair Bolsonaro believes there is no reason for the country’s truckers to go on strike, his spokesman said on Monday.

  • Center Paula Souza and IBM present educational model P-Tech

    Project, implemented in the first half of this year in Fatecs, a theoretical content with practical experiences

    The Paula Souza Center (CPS) and IBM brought together representatives from companies in the Information Technology sector, city halls and other institutions to present the P-Tech educational model.

  • Entrepreneurship In The Peripheries

    Project of the Secretariat of Economic Development offers courses such as fashion design, graphite, food styling and social media

    Expand opportunities with creative work and focus on autonomy. This is one of the goals of São Paulo Criativo, a program of the Secretariat of Economic Development, which has given a new chance, especially to young people.

  • Avianca Brasil cancels more than 1,300 flights - local media

    Avianca Brasil has canceled more than 1,300 flights, Brazilian media reported on Saturday, as the bankrupt airline was forced to reduce its fleet by more than two-thirds.

    The cancellations, for April 19-28, are nationwide, with airports in Brasilia, Guarulhos in Sao Paulo, and Galeao in Rio de Janeiro, the hardest hit, O Estado de Sao Paulo reported.

  • Secretariat of Justice reaches the first quarter of management with innovations

    Bodies linked to the portfolio also promoted a series of actions in the first quarter, such as expansion of services

  • NF Paulista releases R $ 38.5 million in loans to consumers

    Transfers to consumers, entities and condominiums can be made by the application of the program or by the internet

    Participants of the Nota Fiscal Paulista award can already receive their credits. The Government of São Paulo has released the amount of R $ 38,537,046.39 to consumers, philanthropic institutions and condominiums.

  • Brazil’s Bolsonaro voices ‘sympathy’ toward Petrobras privatization

    Brazilian President Jair Bolsonaro said on Thursday that he had “initial sympathy” toward the idea of privatizing state-run oil company Petroleo Brasileiro SA, a comment that gave the company’s shares a minor jolt.

  • Operation "Safer Highway" mobilizes 18,418 military police officers

    Action counts on 8,479 vehicles, distributed in 2,627 police stations, 263 of which are road blocks in São Paulo

    The ninth edition of Operation "Safer Highway" began at midnight this Thursday (18), with the commitment of 18,418 military police, together with Federal Highway Police. The operation, which fights crime intensely, has no time to end.

  • Toyota to sell first hybrid car made in Brazil

     Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world.

    Brazil, which is South America’s largest auto producer, has largely resisted the shift toward electric and hybrid vehicle production that has swept through more developed markets.

  • Petrobras hikes diesel price, eyes divestments amid investor unease

     Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

  • Reeducandos de Avare do maintenance work in public agencies

    Institutions such as Apae and Fire Department were attended; action enables domestic labor market

    With the goal of inserting inmates in society and occupying their day, the Avaré Center of Re-socialization (CR) has adopted voluntary services to charities and public agencies in the city provided by reeducators.